March 4, 2021

Coinbase Spent $ 230K in 2020 Lobbying in Congress

Coinbase Spent $ 230K in 2020 Lobbying in Congress

Last year, the exchange spent over $ 230K lobbying for cryptocurrencies in Congress.

According to public reporting, Coinbase paid $ 50,000 to the Franklin Square Group in the first quarter of 2020, and $ 60,000 each quarter.

The documents indicate that in different quarters the exchangeordered various services. For example, in the first quarter, they paid for “digital asset and financial technology regulations,” while other quarters are labeled “COVID-19 recovery” and “margin trading support”.

Franklin Square Group is one of the largest lobbying companies in the States. She also serves companies like Dropbox and Alphabet.

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According to the materials www.theblockcrypto.com